Imagine Asia Co., Ltd. acquired 10% stake in Sewon Co., Ltd. from Chungho ComNet Co., Ltd. for KRW 3.5 billion.
September 08, 2016
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Imagine Asia Co., Ltd. (KOSDAQ:A036260) acquired 10% stake in Sewon Co., Ltd. (XKON:A234100) from Chungho ComNet Co., Ltd. (KOSE:A012600) for KRW 3.5 billion on September 8, 2016. Under the terms of transaction, Imagine Asia Co., Ltd. acquired 0.03 million shares of Sewon Co., Ltd. For the year ended December 31, 2015, Sewon Co., Ltd. reported revenues of KRW 29.3 billion, total assets of KRW 14.3 billion and net profit of KRW 3.2 million.
Imagine Asia Co., Ltd. (KOSDAQ:A036260) completed the acquisition of 10% stake in Sewon Co., Ltd. (XKON:A234100) from Chungho ComNet Co., Ltd. (KOSE:A012600) on September 8, 2016.
Sewon Co Ltd is a Korea-based company mainly engaged in the heating, ventilation and air conditioning (HAVC) related parts. The Company operates its business through three segments. The Automotive Air Conditioning Part segment is mainly engaged in the production and sale of air conditioning related parts such as header capacitors, radiator caps, evaporators and pipes. In addition, the segment also engaged in the production and sale of other auto parts such as wipers and seat motor brackets. The Synthetic Yarn segment is mainly engaged in the manufacture and sale of yarn for wigs. The Chemical segment is mainly engaged in the manufacture and sale of optical monomers.
SEWON CO.,LTD 
